Aker BP drops unique smaller project from its huge offshore Norway portfolio

Leading Norwegian operator Aker BP has dropped the Troldhaugen project from its huge portfolio of offshore field developments due to a reserves downgrade that rendered the project uneconomic.

The Troldhaugen project in the Edvard Grieg field area was a small part of the 10 plans of development that Aker BP submitted to the Norwegian authorities in December 2022.

However, it was a rather special project as it would have become Norway’s first field development with oil recovery from a fractured basement reservoir.